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Author Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)  (Read 1042588 times)
neilol
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July 31, 2013, 06:41:28 PM
 #701

The coins i'm sending there are not showing up.

This is not good.

same here hrrrmmm :/

Jesus the amount of BTC flowing into BTCT is insane right now, Burnside you're gonna be rich. Smiley

The amount of btc flowing into BTCT is irrelevant, because only 7million shares will be distributed ... no matter what.

Obviously - I'm saying the amount of FEES burnside will earn in the coming months will be insane due to the increased capital base trading because of this IPO...assuming there isnt a mass exedous when this thing crashes

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superbit
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July 31, 2013, 06:41:35 PM
 #702

I had 1/3 confirmations on BTC-TC, and 13 in armory, now I don't show any in BTC-TC, where did those coins go?

https://bitfinex.com/?refcode=UInJLQ5KpA <-- leveraged trading of BTCUSD, LTCUSD and LTCBTC (long and short) - 10% discount on fees for the first 30 days with the refcode
My feedback thread: Forum thread
ShroomsKit
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July 31, 2013, 06:42:13 PM
 #703

I also have a 6+ conf trx in limbo.

SO it seems the only way to get our bids in time is selling off other shares at insanely low price.

Not sure this is a long term winning strategy, as much for the exchange as for issuers and shareholders.

If he is seriously blocking people from sending coins then that is seriously messed up.
I want to buy shares just like the rest of you. I'm allowed to buy shares for 1.5 hours and he is stopping me.

Its price is not a very relevant factor in its adoption....
bitcoiner49er
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July 31, 2013, 06:42:18 PM
 #704

 Cheesy @ all the people trying to send more BTC to their account to increase their bid. Decreasing the % overall, but trying to game and get more shares for yourself.

Homo doctus is se semper divitias habet
drawingthesun
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July 31, 2013, 06:42:26 PM
 #705

If we bid our shares higher than 0.001 will it make any difference?
ShroomsKit
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July 31, 2013, 06:42:45 PM
 #706



Just temporally increase the number of confirmations needed to deposit BTC, and people can't then load up their account in order to inflate their share.



This would be a brilliant move.

So it's brilliant that i can't buy any shares? Is that what you are saying? Do you consider this fair?

Its price is not a very relevant factor in its adoption....
N_S
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July 31, 2013, 06:43:16 PM
 #707

I had 1/3 confirmations on BTC-TC, and 13 in armory, now I don't show any in BTC-TC, where did those coins go?

I'm having the exact same issue. Coins gone from sending wallet and not in receiving wallet on BTCT.
limbaugh
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July 31, 2013, 06:43:27 PM
 #708


If he is seriously blocking people from sending coins then that is seriously messed up.
I want to buy shares just like the rest of you. I'm allowed to buy shares for 1.5 hours and he is stopping me.

I seriously doubt this is the case, but you had plenty of time to prepare for the IPO.
Murderous_wabbit
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July 31, 2013, 06:43:33 PM
 #709

my guess is that Burnside has a service that checks transactions on the block chain and updates the site.  That service may be having the same difficulty talking to the database and doing the updates as we are trying to reach the site.
Pale Phoenix
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July 31, 2013, 06:44:26 PM
 #710

it will show, but not sure if it will show before cutoff time.  I have had one confirmation on the site, 11 confirmations in my wallet
how do I know the confirmation # on the site?

Look at Account Balance in your Wallet. It will show pending deposits to the right and the number of confirms.

ShroomsKit
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July 31, 2013, 06:44:32 PM
 #711

Cheesy @ all the people trying to send more BTC to their account to increase their bid. Decreasing the % overall, but trying to game and get more shares for yourself.

I don't have any shares, you idiot! I want to buy shares! Like i should be allowed for another hour and 15 minutes! Wtf is wrong with you?

Its price is not a very relevant factor in its adoption....
oxfeeefeee
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July 31, 2013, 06:44:49 PM
 #712

my guess is that Burnside has a service that checks transactions on the block chain and updates the site.  That service may be having the same difficulty talking to the database and doing the updates as we are trying to reach the site.

Yes, I see 2/3 Confirmations on the site now, no worries.
sveetsnelda
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July 31, 2013, 06:45:24 PM
 #713

I've seen this happen before on BTC-TC.  I'm sure he'll get it sorted.  Stay calm.   Wink

14u2rp4AqFtN5jkwK944nn741FnfF714m7
Vigil
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July 31, 2013, 06:45:47 PM
 #714

So we have to rebid? I am at work and having no way to bid. I thought this was going to start at 8:00 pm est. The plans have changed so many times. Do I need to just bid at .001 or higher?

only at .001, and as much as you can. only bid volumes count up till the cap, which is still unknown.

The amount of shares in the IPO remains at 7 million. Only the distribution percentage per investor varies with bid volume (this is how I understand it). Total share volume remains also unchanged at 10 million shares.

Don't understand what this means. Last night I bid 1000 shares at .001 for 1 BTC. What does this mean for me now?

It means that you will be included in the IPO. How many shares you get will be determined by how many people have bit at or above .001. All shares will be sold at .001.

If there are 20,000,000 shares on the orderbook at 4PM ET at or above .001, everyone will receive 35% of their number of shares on the order book at

20,000,000 on orderbook at or above .001
7,000,000 available shares
7,000,000 / 20,000,000 = .35

So, if you have an order for 1000, you will only receive 350 shares for BTC.35

That is ridiculous. That means there is no way for me to spend my 1 BTC to get my 1000 shares. I have never heard of anything this silly. Those who bid late shouldn't get to bid at all. That is how a real IPO works.
bitcoiner49er
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July 31, 2013, 06:45:59 PM
 #715


If he is seriously blocking people from sending coins then that is seriously messed up.
I want to buy shares just like the rest of you. I'm allowed to buy shares for 1.5 hours and he is stopping me.

I seriously doubt this is the case, but you had plenty of time to prepare for the IPO.

This.

Homo doctus is se semper divitias habet
oxfeeefeee
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July 31, 2013, 06:46:06 PM
 #716

it will show, but not sure if it will show before cutoff time.  I have had one confirmation on the site, 11 confirmations in my wallet
how do I know the confirmation # on the site?

Look at Account Balance in your Wallet. It will show pending deposits to the right and the number of confirms.

Thanks, I see 2/3 Confirmations now, nothing was showing before.
dexX7
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July 31, 2013, 06:46:56 PM
 #717

When and how will the excessive BTC be returned?

ShroomsKit
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July 31, 2013, 06:47:06 PM
 #718


If he is seriously blocking people from sending coins then that is seriously messed up.
I want to buy shares just like the rest of you. I'm allowed to buy shares for 1.5 hours and he is stopping me.

I seriously doubt this is the case, but you had plenty of time to prepare for the IPO.

I just found out about this ipo...a hour ago...i quickly did some reading and decided to send some coins. (i found out because i noticed all the other shares were down and i was trying to figure out the reason)
Sorry, i rarely visit this sub forum. I'm late. So what? They told us till what exact minute we can buy and i should be allowed to buy (bid) till that exact minute!

You people are complete asses. You laugh at me because i'm cut off from bidding. How sick is that?

Its price is not a very relevant factor in its adoption....
ShroomsKit
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July 31, 2013, 06:47:43 PM
 #719


If he is seriously blocking people from sending coins then that is seriously messed up.
I want to buy shares just like the rest of you. I'm allowed to buy shares for 1.5 hours and he is stopping me.

I seriously doubt this is the case, but you had plenty of time to prepare for the IPO.

This.

I just found out about this ipo...a hour ago...i quickly did some reading and decided to send some coins. (i found out because i noticed all the other shares were down and i was trying to figure out the reason)
Sorry, i rarely visit this sub forum. I'm late. So what? They told us till what exact minute we can buy and i should be allowed to buy (bid) till that exact minute!

THIS

You fucking dick!

Its price is not a very relevant factor in its adoption....
JimiQ84
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July 31, 2013, 06:47:57 PM
 #720

When and how will the excessive BTC be returned?

there won't be any. 7 000 000 shares will be sold for 0.001 a piece. Regardless of bid price
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